ev.energy, a leading electric vehicle (EV) managed charging software platform, has successfully raised $33 million in its Series B funding round, bringing its total funding to $46 million. The funding round was led by National Grid Partners (NGP) and included support from Aviva Ventures, WEX Venture Capital, and InMotion Ventures, the investment arm of Jaguar Land Rover (JLR). Existing investors Energy Impact Partners, Future Energy Ventures, and ArcTern Ventures also participated in the round.
ev.energy’s software platform connects EVs to grid networks and intelligently manages charging for over 120,000 EVs daily, ensuring that vehicles are charged at grid-friendly times. The company’s platform has become a cornerstone of vehicle-grid integration and has partnerships with industry leaders such as National Grid, Volkswagen Group, Maxeon, and Siemens.
With this new funding, ev.energy plans to expand its global operations and access an additional 400 million energy customers through its shareholders’ energy retail, fleet, vehicle, and insurance networks. The company aims to provide a comprehensive worldwide coverage with over 20 languages and a team of 750+ employees, making it a leading global solution for B2B technology companies seeking to accelerate their revenue and scale their sales operation worldwide.
ev.energy’s platform also includes a Virtual Power Plant (VPP) that currently serves over 120,000 EV drivers across North America and the UK. In addition, the company has extended its VPP to include Vehicle-to-Grid (V2G) solutions, introduced its fleet management platform ‘Pando,’ and ventured into the solar market with its solar home charging function, ev.energy SOLAR.
The funding will further enable ev.energy to build on its growth and innovation, expand its global operations, and accelerate the clean energy transition by providing greener, cheaper, and simpler charging solutions for electric vehicles.